If you have any questions about Tata Technologies share price target 2024,2025,2026, 2030 then you are in the right place.
In this article, you will learn the answers to many questions like business models, financials, and major concerns.
Before investing, it is important to know detailed information about the company’s business fundamentals, services, and the factors that influence its performance.
To know more, I’ll deep-dive to explain all the crucial points that affected Tata Technologies’ share price target 2024,2025,2026, and 2030. Please stay tuned to read the full article.
About Tata Technologies
Tata Technologies provides services and technology solutions to domestic as well as global manufacturing clients.
The company’s 30% revenue (FY 23) comes from India and the remaining is from global countries.
Tata Technologies was established in the year 1994, with headquarters in Pune, India.
The company caters to the automotive industry and serves clients in adjacent industries like aerospace, construction heavy machinery, and transportation.
Additionally, it is working in two main segments 1. Services 2. Technology Solutions.
Tata Technologies Financial Analysis
Tata Technologies recently issued its initial public offer (IPO) open for subscribing from 22 to 24 November 23.
Therefore, there is no more data available for detailed analysis.
- The company announced its revenue from the operation of Rs 4,414.12 crore in March FY23, an increase of 25%.
- The company consolidated net profit for the period of Rs 624 crore in March end FY23 jumped 42.8 percent.
- Tata Technologies declared six months ended September revenue of Rs 2526.7 crore to increase 34 percent in FY23.
- And profit for the period of Rs 351.9 crore to grow 36 percent by the end of September FY23.
- And the EPS for the month of end March 23 was Rs 15.37.
- The company’s return on equity (ROE) grew to 20.9% in FY23 compared to 19.2% in the same quarter FY22.
- Return on capital employed (ROCE) is down 24.3 in FY23 from 24.6 in FY22.
So you expect further revenue growth and net profit in the upcoming earnings.
Additionally, a growing net profit makes the company more attractive, which could lead to an increase in its stock price.
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Tata Technologies Share Price Target 2024
Tata Technologies provides engineering and product development services. The company has expertise in a segment of services and technology solutions.
It also engages in digital to physical services and product development in the field of education and training.
The company’s exponential growth comes from its original equipment manufacturing (OEM ) global clients.
Places where the company performs its business such as India, Asia Pacific, Europe, and North America.
Tata Technologies Share Price Target 2025
Tata Technologies mainly works in the services and technology solutions segment.
Services Segment: In the services segment company provides engineering and digital transformation services to international clients in the automotive, aerospace, and mobility space.
Additionally, the services segment contributed to revenue 80 percent in FY23.
As Tata Motors, Jaguar Land Rover is an anchor client that contributed to the revenue from the operation by 34 percent in FY23.
Technology Solutions Segment: Tata Technologies provides value-added services through its product business such as
- System Integration
- Consulting
- Implementation and
- Support
All facts of the company suggest the company is fundamentally strong. Therefore, we expect target price of Tata Technologies to be Rs 900 in the year 2025, and the second target price to be Rs 980.
Tata Technologies Share Price Target 2026
Based on the FY23 financials, price-to-earnings (PE) ratio of Tata Technologies at 33x is very low compared to its competitors KPIT (105x), Tata Elxsi (70x), L&T Technology Services (40x), and Cyient (37x).
In the EV segment, Tata Technologies is one of the leading players. It has supported various companies internationally to launch EVs.The company also supports re-engineering ICE to EV.